Japan Plant-based Excipients Market Size & Outlook
Japan plant-based excipients market, 2018-2030 (US$M)
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Japan plant-based excipients market highlights
- The Japan plant-based excipients market generated a revenue of USD 85.5 million in 2023 and is expected to reach USD 106.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, carbohydrates was the largest revenue generating chemical nature in 2023.
- Carbohydrates is the most lucrative chemical nature segment registering the fastest growth during the forecast period.
Plant-based excipients market data book summary
| Market revenue in 2023 | USD 85.5 million |
| Market revenue in 2030 | USD 106.4 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Carbohydrates |
| Fastest growing segment | Carbohydrates |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbohydrates, Proteins, Polymers, Minerals, Glycoside & Waxes, Esters, Ethers & Carboxylic Acids, Other Chemical Natures |
| Key market players worldwide | Basf SE, Lonza Group Ltd, Evonik Industries AG, Roquette America, JRS Pharma, Micro Powders, Fumeipharm, Cristalco |
Other key industry trends
- In terms of revenue, Japan accounted for 4.6% of the global plant-based excipients market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan plant-based excipients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 64.8 million by 2030.
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Plant-based Excipients Market Scope
Plant-based Excipients Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan plant-based excipients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plant-based excipients market will help companies and investors design strategic landscapes.
Carbohydrates was the largest segment with a revenue share of 21.05% in 2023. Horizon Databook has segmented the Japan plant-based excipients market based on carbohydrates, proteins, polymers, minerals, glycoside & waxes, esters, ethers & carboxylic acids, other chemical natures covering the revenue growth of each sub-segment from 2018 to 2030.
The benefits of plant-based excipients, such as nontoxic properties and affordability, are expected to improve their demand in the Japanese market. Owing to the growing demand for plant-based excipients in Japan, the market players are expanding their presence in the country by establishing new facilities.
Adoption of such initiatives indicates that there is a high demand for plant-based excipients in the country, which is expected to drive competition between the market players. Some key players in the market are Asahi Kasei, Merck Kgaa, and Lonza.
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Target buyers of Japan plant-based excipients market databook
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Our clientele includes a mix of plant-based excipients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan plant-based excipients market , including forecasts for subscribers. This country databook contains high-level insights into Japan plant-based excipients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan plant based excipients market size, by chemical nature, 2018-2030 (US$M)
Japan Plant-based Excipients Market Outlook Share, 2023 & 2030 (US$M)
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